Visas & Citizenship / Re: E Visa
« Last post by robinsnc on Today at 11:34:03 AM »Now, my BRP doesn't expire until the end of the year so perhaps that's why? But it seems silly to ask me to set up an account more than six months in advance.
Looking at my last UK return they appear in schedule 3: Foreign Savings, and are listed as "Vanguard qualified dividends" (from my ETF equity fund) and "Vanguard unqualified dividends" from the Vanguard money market clearing account. The qualified dividends attract the lower tax rates and unqualified dividends get treated as interest.
The Vanguard money market funds are not ETFs and do not appear on the HMRC reporting funds list. I think that strictly speaking they pay dividends rather than interest. But if you are declaring the "interest" every year and paying UK tax on it then that sounds like the right way to deal with a UK non-reporting fund anyway.
Very helpful, thank you! I'll post back whenever I've learned more.
A 9.5% lifetime annuity is pretty damn good (even though I assume this doesn't not include annual COLA increases). I'm 67, and contributed to TIAA from 1996 to 2006 (although all the TIAA Trad contributions were made from 1996-1999).
The capital I have in TIAA Trad isn't huge, but enough that it makes sense to look into these options. I'd really like to tie a bow around this and not have it hanging there while I continue to receive interest-only payments.
Yes there are definitely differences in the contracts between employers, but having to wait to age 72 to start the payout annuity seems strange. It might be helpful to check with your old employer's benefits department. I'm currently trying to decide between the 10 year payout annuity and a lifetime annuity. Most people will be better off with the payout annuity if they invest it sensibly, but TIAA quoted me a 9.5% payout rate on a lifetime annuity and I'm only in my early 60s so that's tempting.